Finnair issues €200 hybrid bond

Finnair has issued a €200 million capital securities which will pay a coupon of 10.25%,  until the step-up date of 3 September 2023 when it will increase to 15.25%. The hybrid bonds don’t have  a specified maturity date, but the Finnair is entitled to redeem them at par on any day during the three month period prior to and including the step-up date, and subsequently, on each annual interest payment date . The issue date is expected to be on September 3. The bonds constitute subordinated obligations of the Finnair and will be treated as equity in the Company’s consolidated